Parkinson - Spencer Refractories Limited

Parkinson Spencer Refractories Ltd is a large, active company established 103 years ago, in 1921. With 95 employees and a substantial asset base of £5,628,723, the company generates £10,296,243 in yearly revenue. Based at a real address in Halifax, West Yorkshire, it’s a family business led by five directors and two owners. The company maintains a respectable Google rating of 4.0 based on two reviews. Regular imports of stone, plaster, cement, and similar materials have been recorded for 58 months, while ceramic product exports span a longer period of 228 months.

The company operates in the manufacture of refractory products industries. It’s a large company as it met two conditions of three: turnover more than £36 million, balance sheet more than £18 million, employees more than 250. The last reported current assets are £5,628,723, and the revenue is £10,296,243. The company is a regular importer, with its top import category being Stone, plaster, cement, and similar material products, totaling 58 months of imports. The last import operation was conducted on January 01, 2025. The company is a regular exporter, with its top export categories including Ceramic products, totaling 228 of months exports. The last export operation took place on January 01, 2025.

While a website isn’t readily available, the company’s core business appears to be the production and supply of refractory products—materials designed to withstand high temperatures, often used in industrial settings like glass manufacturing. This suggests a business-to-business model rather than direct consumer sales.

Financial analysis reveals some concerning trends. Accrued liabilities deferred income increased by 20%, while depreciation on plant and machinery also rose, indicating potential investment or maintenance costs. However, cash and cash equivalents saw a significant boost, increasing by 330%, which could be due to improved cash flow management or a one-off event. A notable decrease in debtors suggests better collection practices, but the rise in administrative expenses by 0.52% warrants further investigation. The company's net assets also decreased, which could be due to increased borrowing. The company has been audited by Wheawill & Sudworth Limited.

Despite these challenges, the company’s long history and established export market suggest resilience. The increase in cash reserves provides a buffer, and the focus on a specialized industrial sector could insulate it from broader economic fluctuations. However, the rising expenses and decreasing net assets should be monitored closely to ensure the company’s long-term financial health.

Registered in England/Wales under the registration number 00175597, with a registered address at HX3 6SX, Holmfield Halifax, West Yorks.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.